US STOCKS-Economic slump worry hits market; GM plunges
(Updates with market falling further)
NEW YORK, Nov 10 (Reuters) - U.S. stocks fell on Monday as doubts about whether China's stimulus plan would avert a deep global economic slump surfaced and investors fretted about General Motors' GM.N outlook.
Shares of GM slid nearly 26 percent to $3.23 after Deutsche Bank's recommended a "sell" and slapped a price target of zero on the stock, a Dow component.
The Dow Jones industrial average .DJI was down 14.73 points, or 0.16 percent, at 8,929.08. The Standard & Poor's 500 Index .SPX was down 5.96 points, or 0.64 percent, at 925.03. The Nasdaq Composite Index .IXIC was down 14.74 points, or 0.89 percent, at 1,632.66. (Reporting by Ellis Mnyandu; Editing by Jan Paschal)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
Dubai Debt Fears
Dubai struggled to ease fears of debt default after its move to delay repayments at two flagship firms shook confidence in the Middle East. Full Article




India
US
UK










